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Anonymous
buying a chapter 7 stock 2017-06-10 01:09:19 Post No. 2366409
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buying a chapter 7 stock 2017-06-10 01:09:19 Post No. 2366409
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Hey /biz/. What are the chances that a stock will bounce back after filing a chapter 7. I'm looking at 2 stocks right now that are under a dollar a share, and I feel like they have good fundamentals and that the company will survive. Wouldn't it make sense to buy shares for .50 if I think the company won't be liquidated? It's not like the shares can drop any lower. The stocks I'm looking at are SDRL, TDW, which were both 50+ at one point when oil sold for a lot more than it is right now
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>>2366409
Ask yourself, if you where the guy who has seen their stock goin to nothing, will you buy more??
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>>2366409
Op it's a total gamble but could pay off big time. I remember many years ago Sirius XM was in bankruptcy talks, their stock went under 10 cents and I was on the fence about throwing in 500bucks. I didn't do it, had bills and such. But it's 5 bucks a share now. That 500 could have been 25,000. Sucks, but I made the right decision for me at the time.
Remember, hindsight is 20/20. Go with your gut.
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thats supreme divine right king bosx EMPEROR OF THE UNIVERSE 2 u mate
2017-06-10 01:50:09
Post No.2366815
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thats supreme divine right king bosx EMPEROR OF THE UNIVERSE 2 u mate
2017-06-10 01:50:09
Post No.2366815
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>>2366812
I'm actually trying to compile a list of companies that were on the verge of bankrupt and either ended up filing chapter 11. Does anyone know where I can find a list?
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